Question

Distinguish between demand schedule and demand curve

Answer 1

Conversely, increasing demand can lead to a rise in price and vice versa. Distinguishing a demand curve from a demand schedule is generally a straightforward matter. ... A demand schedule includes pairs of data points that identify the price for an item and the quantity of sales expected at that price.

Answer 2

The demand curve is a graphical representation depicting the relationship between a commodity's different price levels and quantities which consumers are willing to buy. The curve can be derived from ademand schedule, which is essentially a table view of the price and quantity pairings that comprise the demand curve.